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that's the whole issue here. >> on the fiscal cliff front, no new deals or concessions made public, but "the new york times" reports the dynamic has changed. at the request of speaker boehner, senate leaders and nancy pelosi have been dismissed from the negotiating table. leaving just the speaker and the president to hammer this one out. today vice president biden is hosting middle-class families at the white house, continuing to pressure congress to strike a deal on tax rates below 250,000. yesterday, the president struck a hopeful note with a middle-income family in virginia, while maintaining a hardline on negotiations. >> the message that i think we all want to send to members of congress is, this is a sovble problem. i'm not going to sign any package that somehow prevents the top rate from going up for rate at the top 2% but i remain optimistic we can get something done for that is good for families like this one and that is good for the american economy. >> but the clock is ticking. with just two full weeks before christmas to go. joining me now from washington, the man with all t
that's the whole issue here. >> on the fiscal cliff front, no new deals or concessions made public, but "the new york times" reports the dynamic has changed. at the request of speaker boehner, senate leaders and nancy pelosi have been dismissed from the negotiating table. leaving just the speaker and the president to hammer this one out. today vice president biden is hosting middle-class families at the white house, continuing to pressure congress to strike a deal on tax rates...
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i know and i sincerely believe we're not going off this fiscal cliff. >> representative, the question might be, how do we get to that deal? as we mentioned earlier, the "new york times" reporting that negotiations are now down to just the speaker. >> yes. >> and the president. this is at speaker boehner's request. i want to get your reaction. here's david axelrod talking about the politics behind all of this. >> okay. >> both the president and the speaker are very fluent in the basic numbers. they have been living with them for some time now. so as i said, i don't think that there's a lot of mystery about this. the politics has to be traverse. they've got to get through the rocky shoals of grover norquist. >> congresswoman, some democrats are saying that this is not the situation, it's not going to be mano, as we've been saying. what do you know about that in terms of how they are negotiating and is it the best for them to be one on one? >> well, i think it does not hurt for them to be one on one. i have to be concerned about what the leaders are saying about being excluded. but if we
i know and i sincerely believe we're not going off this fiscal cliff. >> representative, the question might be, how do we get to that deal? as we mentioned earlier, the "new york times" reporting that negotiations are now down to just the speaker. >> yes. >> and the president. this is at speaker boehner's request. i want to get your reaction. here's david axelrod talking about the politics behind all of this. >> okay. >> both the president and the speaker...
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cou you couldn't smoke until 5:00 at your desk. >> "usa today" , sue davis, all your fiscal cliff news. >> always knows the hill as well as anybody. that's it for this edition. tomorrow on the show, all the results from our first post-election nbc/"wall street journal" poll. coming up next, chris jansing. bye-bye. with the simmons family. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walmart. ♪ ♪ boo! i am the ghost of meals past. when you don't use new pam, this is what you get. residue. [ female announcer ] bargain brand cooking spray leaves annoying residue. that's
cou you couldn't smoke until 5:00 at your desk. >> "usa today" , sue davis, all your fiscal cliff news. >> always knows the hill as well as anybody. that's it for this edition. tomorrow on the show, all the results from our first post-election nbc/"wall street journal" poll. coming up next, chris jansing. bye-bye. with the simmons family. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with...
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the big story here is we're more than three weeks going over the fiscal cliff. new developments. tonight on "special report," president obama speaks out following a sunday face-to-face meeting with house speaker john boehner. today, the president took his pitch to michigan. we look at the prospect of negotiating settlement with karl rove and joe trippi. they are back. they have numbers but no electoral maps. suppose both sides get a deal done in the next few days. what would the timeline look like for beating the end of the year deadline. we get out the crystal ball and calendars. brit hume has analysis on how a deal could get done. new video shows use of chemical weapons by the government. and california is going all in on solar power but a lot of californians say solar is taxpayer and consumer ripoff. "special report" starts at 6:00 eastern now. back to new york and my colleagues with "the five." ♪ ♪ >> dana: all right. several new developments to report on the royal phone prank in the u.k. radio station has taken the two d.j.s off the air who called the hospital where prin
the big story here is we're more than three weeks going over the fiscal cliff. new developments. tonight on "special report," president obama speaks out following a sunday face-to-face meeting with house speaker john boehner. today, the president took his pitch to michigan. we look at the prospect of negotiating settlement with karl rove and joe trippi. they are back. they have numbers but no electoral maps. suppose both sides get a deal done in the next few days. what would the...
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>> wait for it. >>> first, the struggle over avoiding the fiscal cliff. new polling suggests support for president obama's position in the standoff with congressional republicans. >> the new associated press poll find 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> if the nation goes over the cliff at the end of the year it is going to affect everyone including the unemployed as abc's jonathan karl reports. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay the bills. she has been what a job for a year. her $450 a week unemployment check her life line. >> we won't be able to pay some of our bills and, i mean, you know, that's for christmas and things of that nature, probably off the table. >> reporter: she is not alone. without a deal, unemployment compensation will end for more
>> wait for it. >>> first, the struggle over avoiding the fiscal cliff. new polling suggests support for president obama's position in the standoff with congressional republicans. >> the new associated press poll find 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> if the nation goes over the cliff at the end of the year it is going to affect everyone...
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will lawmakers strike a deal on avoid the fiscal cliff by the new year? plus, union members flock to michigan's capital. the changes ahead for the workforce in the great lakes state. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning and happy 12-12-12! i'm angela miles. in today's first look: the market rallied into today's anouncement from the federal reserve which includes a news conference from fed chair ben bernanke. the dow is now up for the 5th session in a row. the other big news - oil was a gainer for the first time in 6 sessions. explosive details are emerging that fedex was "systematically overcharging" businesses and the goverment. the emailed comments were released in court documents in a class action lawsuit. a fedex official says the documents don't tell the whole story. and shares of rare earth molycorp fell 5% on word the cmpany is seraching for a permanent ceo. larry shover of sfg alternatives joins us now for an early look at the market. good morning to you. an
will lawmakers strike a deal on avoid the fiscal cliff by the new year? plus, union members flock to michigan's capital. the changes ahead for the workforce in the great lakes state. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning and happy 12-12-12! i'm angela miles. in today's first look: the market rallied into today's anouncement from the federal reserve which includes a news conference from fed chair ben...
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lou: the fiscal cliff and now a new ultimatum on the national debt ceiling. you suppose this is the last condition? >> it's going to be a wild couple of months, maybe everybody thought with the election over, there was going to be peace and fure all of this out, bui think we're just at the beginning of a long protractive battle, lou. lou: more on the stalemate of the fiscal cliff, the impasse, and tell us what you think about the so-called negotiations. vote in tonight's online poll. do you agree president obama's ultimatum on higher taxes are actually the cause? make him responsible for driving us off the fiscal cliff? go to our to be page at facebook facebook.com/loudobbs. we'll have results at the end. chris and steven joining us here next to address th question and more. you know, from our 4,000 television commercials. yep, there i am with flo. hoo-hoo! watch it! [chuckles] anyhoo, 3 million people switched to me last year, saving an average of $475. yeah, i'm kind of a big deal. [sigh] it feels good to help people save... with great discounts like safe d
lou: the fiscal cliff and now a new ultimatum on the national debt ceiling. you suppose this is the last condition? >> it's going to be a wild couple of months, maybe everybody thought with the election over, there was going to be peace and fure all of this out, bui think we're just at the beginning of a long protractive battle, lou. lou: more on the stalemate of the fiscal cliff, the impasse, and tell us what you think about the so-called negotiations. vote in tonight's online poll. do...
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the "news nation" is following where things regard right now with the fiscal cliff and there's hot rhetoric to go around. >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue. >> in order for us to raise the amount of revenue that's needed just by closing deductions and loopholes for high earners we'd have to, for example, eliminate or severely cap the char itible deduction. >> an obsession to raise taxes not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on the wasteful spending in washington. >> and meantime, "the new york times" jonathan wiseman reports behind the scene republican leaders are considering the president's plan to extend middle class tax cuts now an address the debt and spending in the new year. here's republican senator tom coburn on "morning joe." >> actually, i would rather see the rates go up than the other way and greater chance to broaden the base in the future. >> do something, a down payment
the "news nation" is following where things regard right now with the fiscal cliff and there's hot rhetoric to go around. >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue. >> in order for us to raise the amount of revenue that's needed just by closing deductions and loopholes for high earners we'd have to, for example, eliminate or severely cap the...
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>>> the associated press is now reporting that the white house offered a new fiscal cliff proposal to the house gop since their meeting sunday. just this afternoon speaker's office countered. speaker boehner has refused to comment, but the speaker himself, well, he had an early christmas greeting for the white house today from the floor. >> we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. now, that's not fixing our problem. frankly, it's making it worse. >> congressman joe courtney is a democrat from connecticut and he joins us in the studio. welcome, sir. great to have you. do you have any idea what the fresh deal may be? >> no. i mean, the transparency in this process has been zero. and to some degree i think people understand that private conversation is good, but this is moving at an incredible snail's pace given the fact that at some point the public does need to know what's going on and certainly the caucuses who vote on this. >> speaker boehner's caucus needs to know. >> absolutely. >> i mean, do you think, f
>>> the associated press is now reporting that the white house offered a new fiscal cliff proposal to the house gop since their meeting sunday. just this afternoon speaker's office countered. speaker boehner has refused to comment, but the speaker himself, well, he had an early christmas greeting for the white house today from the floor. >> we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. now, that's not fixing...
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let love shine. >>> act three of the fiscal cliff theater piece begins today. it is wednesday, december 5th, and this is "now." >>> joining me today benjamin wallace wells of "new york" magazine, the "washington post's" melinda headenberger, msnbc political analyst and former dnc communications director karen finney and senior national correspondent for bloomberg business week josh green. round three has begun. two days after the republican fiscal cliff counter offer, both sides are coming out swings. speaker john boehner defended his proposal this morning, adopting a page from the dem's fairness playbook. >> the revenues we're putting on the table are going to come from, guess who? the rich. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than raising
let love shine. >>> act three of the fiscal cliff theater piece begins today. it is wednesday, december 5th, and this is "now." >>> joining me today benjamin wallace wells of "new york" magazine, the "washington post's" melinda headenberger, msnbc political analyst and former dnc communications director karen finney and senior national correspondent for bloomberg business week josh green. round three has begun. two days after the republican fiscal...
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on the fiscal cliff. judge andrew napolitano. fox news senior judicial analyst. juan williams, columnist with tannehill. byron york from the "washington examiner." judge, what do you make of this? we had back and forth and we talk about this every day. every day there are developments. >> the president insistence on raising tax rate is reprehensible and violates economics 101. raising tax rates will not necessarily produce more revenue. the president is more interested to punish the rich and perceived reward for base. doesn't put more money in the federal treasury. the republicans give in to this in spirit of compromise, i respect alan simpson. but this is a time for the republicans to say no to spending no, borrowing. no to taxes. do you any any republicans sent to congress to facilitate the president spending to us oblivion? they no. or they will be sent home. >> president feels like he was elected on a campaign where he mentioned on the stump many times, raising tax rates. >> i understand that. >> but under our system the congress writes the law and president
on the fiscal cliff. judge andrew napolitano. fox news senior judicial analyst. juan williams, columnist with tannehill. byron york from the "washington examiner." judge, what do you make of this? we had back and forth and we talk about this every day. every day there are developments. >> the president insistence on raising tax rate is reprehensible and violates economics 101. raising tax rates will not necessarily produce more revenue. the president is more interested to punish...
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and the new jobs number, the fiscal cliff, all of it will be on the table when george stephanopoulos sits down with a turbocharged powerhouse round table. james carville, mary matalin and nobel prize-winning economist paul krugman, on sunday for "this week." >>> and now, we go overseas to syria, where people are fleeing amid fears that the assad regime will unleash chemical weapons. the region around the capital, damascus, now a battle zone. 2 million syrians now on the run, many of them children. and it is extremely difficult for journalists to enter that country and cover the chaos. but abc's alex marquardt pushed across the border tonight and he is there. alex? >> reporter: we've spent the day among the thousands of refugees living here, and the conditions are miserable. rain has turned the roads to rivers of mud, there's no power or gas for heat, and it's only getting colder by the day. the rain poured as we approached the crossing into syria. the first stop, a rebel checkpoint. tanks and men armed with ak-47s. once past them, a narrow, winding road that led us to white tents in
and the new jobs number, the fiscal cliff, all of it will be on the table when george stephanopoulos sits down with a turbocharged powerhouse round table. james carville, mary matalin and nobel prize-winning economist paul krugman, on sunday for "this week." >>> and now, we go overseas to syria, where people are fleeing amid fears that the assad regime will unleash chemical weapons. the region around the capital, damascus, now a battle zone. 2 million syrians now on the run,...
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it is good news for investors, believe it or not. 25 days away from the fiscal cliff, those new jobs number could also be good for president obama and might end up giving him some of the leverage dana was talking about. listen to this. >> president obama's argument has been that the economy is doing well enough it could handle a tax hike. if the economy were in recession as we saw last time, then he would be reluctant to lift that top rate. if the economy is growing sharply, then if -- the -- some damage from lifting the top rate then maybe the economy can afford it. now the gdp growth number is not as strong as the jobs report. but if we a weak jobs report, then i think the president would have a really, really hard time getting people, even moderate democrats, to increase the marginal rate. the fact it is a strong report, i think, puts wind in the sails. >> wind in his sails. that's not necessarily what the speaker was saying. let's get straight total son kosik live at the new york stock exchange. >> raw numbers. what is the dow doing? >> we are not seeing the wind go in a strong d
it is good news for investors, believe it or not. 25 days away from the fiscal cliff, those new jobs number could also be good for president obama and might end up giving him some of the leverage dana was talking about. listen to this. >> president obama's argument has been that the economy is doing well enough it could handle a tax hike. if the economy were in recession as we saw last time, then he would be reluctant to lift that top rate. if the economy is growing sharply, then if --...
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democratic leader nancy pelosi says it goes beyond the fiscal cliff debate. >> our economy is moving forward, but it could be growing at a faster rate. the republican leadership had taken up and passed some of president obama's job initiatives including the american jobs act and had passed the middle income tax cut. >> let's cut to the chase. one of those congressional members is lying. either the republicans are right on cutting taxes will add jobs or the president's stimulus policies are fueling the economic recovery in this country. joining me tonight to sort out the facts, david cay johnston, offer of "the fine print." let's start with the job growth. unemployment hit rock bottom near the beginning of the -- under the bush administration. this is changing the color here is when president obama took over in january of '09. who is responsible for this turn around? >> the president and it would be a better turn around if the republicans had allowed a bigger stimulus. we'd have many more jobs. >> you'd make the case we didn't spend enough on the economy? >> we wasted 40% of that on t
democratic leader nancy pelosi says it goes beyond the fiscal cliff debate. >> our economy is moving forward, but it could be growing at a faster rate. the republican leadership had taken up and passed some of president obama's job initiatives including the american jobs act and had passed the middle income tax cut. >> let's cut to the chase. one of those congressional members is lying. either the republicans are right on cutting taxes will add jobs or the president's stimulus...
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>>gregg: talks on avoiding the fiscal cliff taking on a new turn at president obama meets with the house of representatives speaker boehner at the white house. we have a live report. our political insiders are here, too. >>heather: a turn for the worse for the most bitter enemy, chavez, headed to cuba for medical treatment. we have the latest on his condition. >> a dallas cowboy player appearing in a court of laugh after a deadly crash killed his team may, josh brent could face up to 20 years behind bars. and now, live in allege in which in arlington, next. >> quiet this afternoon. the cowboys play add game this afternoon in ohio against cincinnati. just recently, they won that game. we will show you a powerful picture that came out of ohio today. jerry brown's jersey laid out on the bench there. a moment of silence, also. 24-year-old josh brent had a bond hearing in texas this morning. a judge set the bail at $500,000. the attorney is arguing that is too high. he is petitioning to have that bond reduced so it is unclear when he will get out of jail. the police say it was late friday nig
>>gregg: talks on avoiding the fiscal cliff taking on a new turn at president obama meets with the house of representatives speaker boehner at the white house. we have a live report. our political insiders are here, too. >>heather: a turn for the worse for the most bitter enemy, chavez, headed to cuba for medical treatment. we have the latest on his condition. >> a dallas cowboy player appearing in a court of laugh after a deadly crash killed his team may, josh brent could...
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there is word of new action after a whole lot of talk so-called fiscal cliff. this news is breaking now. aids say john boehner has sent president obama a new counter offer tonight. it's apparently a response to an offer the white house made yesterday. that was one day after the president and the speaker met one on one at the white house. of course three weeks from today automatic tax hikes and spending cuts kick in if they can't come to deal. jim angle is following late developments from our washington newsroom. there have been a lot of them in just the last 30 minutes. >> i will say, shep. the clock, of course, as you indicated is clicking louder. not clear if we had real progress or just movement. president and speaker boehner did talk by phone tonight after white house offer monday and counter offer from boehner about which his office said quote we sent the white house a counter offer that would achieve tax and entitlement reform to solve our loom being debt crisis and create more miner jobs. the statement also reit raided, however, what speaker boehner and
there is word of new action after a whole lot of talk so-called fiscal cliff. this news is breaking now. aids say john boehner has sent president obama a new counter offer tonight. it's apparently a response to an offer the white house made yesterday. that was one day after the president and the speaker met one on one at the white house. of course three weeks from today automatic tax hikes and spending cuts kick in if they can't come to deal. jim angle is following late developments from our...
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more on the new developments on the fiscal cliff. plus north korea successfully launches a rocket, cheers erupt in yeongpyeong, another escalation in the korean nuclear crisis. two of our guests joining us say this is a very big deal. hearings underway on human growth hormone and the nfl, what will the league decide in we'll go in depth today. bill: see you then at the top of the hour. have a look at this. will you? 33 of these found by border patrol miles from mexico. martha: it's a great store row. bill: you know what they are? martha: i do, but people should stick around to find out, pretty interesting. we'll be right back. table till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! could've had a v8. you can't argue with nutrition you can see. great grains. great grains cereal starts whole and stays whole. see the seam? more pcessed flakes look nothing like natural grains. i'm eating w
more on the new developments on the fiscal cliff. plus north korea successfully launches a rocket, cheers erupt in yeongpyeong, another escalation in the korean nuclear crisis. two of our guests joining us say this is a very big deal. hearings underway on human growth hormone and the nfl, what will the league decide in we'll go in depth today. bill: see you then at the top of the hour. have a look at this. will you? 33 of these found by border patrol miles from mexico. martha: it's a great...
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the "news nation" is following the latest in the fiscal cliff blame game on friday. the rhetoric heats up as the clock winds down. today house speaker boehner and nancy pelosi held duelling news conferences slamming the other side for not taking the looming crisis seriously. >> this isn't a progress report, because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> we've had time. the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter lacking in specifics. >> meanwhile, vice president biden is having lunch with several middle class americans who would see their income taxes go up if the tax cuts are not extended. all of this comes as the first jobs report since the election exceeded expectations. the u.s. economy added some 146,000 jobs last month. that was enough it to drive the unemployment rate down to 7.7%. joining me to talk about all of it, florida congresswoman deb
the "news nation" is following the latest in the fiscal cliff blame game on friday. the rhetoric heats up as the clock winds down. today house speaker boehner and nancy pelosi held duelling news conferences slamming the other side for not taking the looming crisis seriously. >> this isn't a progress report, because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week....
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. >>> and to capitol hill where negotiations on avoiding the fiscal cliff took a new turn. the sticking point up for debate by the president and as well as congressional republicans. >>> also this morning, a "world news now" special report. why some people who have already been born, get this, may live to the ripe old age of 150. that's right. 1-5-0. the secrets of staying young revealed. >> would you want to live to 150 is the question? >> always a great question, how old do people want to be? the answer, to live as old as you have a good quality of life physically and mentally. if you are 150 and out of it. what is the point? >> feed you some apple sauce. >> thank you, thank you. can you wipe me now. no one wants that kind of life. 150 healthy. >> the gifts parents can buy now that will make the kids go crazy on christmas morning. the science of picking the right toy. as a parent, i can tell you. look at that. so excited. nothing like seeing that unabashed joy on your child's face. this is all? >> christmas is about the kids and those moments right there. do we lose it as
. >>> and to capitol hill where negotiations on avoiding the fiscal cliff took a new turn. the sticking point up for debate by the president and as well as congressional republicans. >>> also this morning, a "world news now" special report. why some people who have already been born, get this, may live to the ripe old age of 150. that's right. 1-5-0. the secrets of staying young revealed. >> would you want to live to 150 is the question? >> always a great...
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mary snow, cnn. >>> happening now, the fiscal cliff hanger, will the new job's report convince the president or the house speaker to start compromising. and same sex marriage on the line. the justice's eagerly awaited announcement, and the secret service is under investigation for a shocking security breach. sensitive information left on a train. i'm wolf blitzer, you're in "the situation room." a analyst warn that you need to big under the headlines to get a better sense of the economy right now. hired continues to grow at a modest pace, 146,000 jobs were added this month, better than economists expected. and unemployment fell to 7.7%. here is the catch. more than a third of the jobs added were in retail, and many of them may vanish after the holidays, and the drop in the unemployment rate was mainly due to the fact that 350,000 people simply gave up looking for work. let's bring in jim acosta. jim, will these jobs numbers have any impact on the stand off over the so-called fiscal cliff. >> wolf, they might. the new job's report could give the president leverage on his push to raise taxes.
mary snow, cnn. >>> happening now, the fiscal cliff hanger, will the new job's report convince the president or the house speaker to start compromising. and same sex marriage on the line. the justice's eagerly awaited announcement, and the secret service is under investigation for a shocking security breach. sensitive information left on a train. i'm wolf blitzer, you're in "the situation room." a analyst warn that you need to big under the headlines to get a better sense of...
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to avoid the fiscal cliff. the house speaker. let's listen. >> i feel fine, i just sound a little foggy, that's all. as of today, the president's plan to avert the fiscal cliff still does not meet the two standards that i laid out the day after the election. his plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and his plan does not begin to solve our debt crisis. it actually increases spending. our plan meets the standards, it cuts spending and paves the way for real job growth in our country. in the five weeks since we signalled our willingness to forge an agreement with the president, he's never put forth a plan that meets these standards. and, frankly, that's why we don't have an agreement today. the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff and the more american jobs are placed in jeopardy. >> good morning. the president has said on a daily basis that we should be passing a balanced plan. b
to avoid the fiscal cliff. the house speaker. let's listen. >> i feel fine, i just sound a little foggy, that's all. as of today, the president's plan to avert the fiscal cliff still does not meet the two standards that i laid out the day after the election. his plan does not fulfill his promise to bring a balanced approach to solving this problem. it's mainly tax hikes. and his plan does not begin to solve our debt crisis. it actually increases spending. our plan meets the standards, it...
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. >>> we're 23 days and counting until the nation falls off the fiscal cliff. president obama and house speaker boehner are going mano e mano in negotiations. >> let's bring in george stephanopoulos. george, i'm going to ask this question until this thing is over. >> we had another week of massive trash-talking, are we closer or further away from getting a deal? >> it's hard to know. but they're not really talking right now. that's what's most incredible. you pointed out that there were speeches all week long. symbolic votes in the senate. lot of brinksmanship. lot of ads on television. less than an hour of actual negotiating. one phone call between john boehner, house peeker and the president. democrats say they're not going to move until the republicans say they're going to be for higher tax rates on the wealthy. and then say what they want in return. in terms of spending cuts for those higher tax rates. the republicans say they aren't going to come forward until the democrats say more about how they want to cut spending. right now, we're stuck. now, it could
. >>> we're 23 days and counting until the nation falls off the fiscal cliff. president obama and house speaker boehner are going mano e mano in negotiations. >> let's bring in george stephanopoulos. george, i'm going to ask this question until this thing is over. >> we had another week of massive trash-talking, are we closer or further away from getting a deal? >> it's hard to know. but they're not really talking right now. that's what's most incredible. you pointed...
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do you think that this changes the grounds of negotiations for the fiscal cliff, and do you think that he's in some way -- he's been aa very ardent tea party supporter, critic of john boehner even with his initial proposal. is he going to wield actually more power at the heritage foundation than he does right now as a senator? >> it's always a joke when anybody talks about wielding more power out of elective office as a civilian than in elective office. it's a real help to the republicans in the senate because he has cost them the senate. he has done more damage to the senate and most especially to republicans in the senate than anyone else. he has backed these crazy, nutty tea parties who have gutted the republican nomination for senate in various states around the country, and then he went on to lose to democrats thereby preserving the democratic control of the senate, preserving harry he reed therei. he had become an absolute disaster within his own party. the big cheer today is in the republican caucus saying, finally, we're getting rid of our absolute craziest nut. >> very good. w
do you think that this changes the grounds of negotiations for the fiscal cliff, and do you think that he's in some way -- he's been aa very ardent tea party supporter, critic of john boehner even with his initial proposal. is he going to wield actually more power at the heritage foundation than he does right now as a senator? >> it's always a joke when anybody talks about wielding more power out of elective office as a civilian than in elective office. it's a real help to the republicans...
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law. >>> first rule of the fiscal cliff talks, don't talk about the fiscal cliff talk. both president obama and speaker boehner are sticking to their mary tore yum to not talk about how negotiations are going, which most analysts say is a good sign. according to the walg street journal, people directly involved say they've taken a recent shift in days with the staff and leaders on both sides are getting more serious. not sure why they weren't in the first place. >>> yesterday in michigan the president said he was open to spending cuts but held firm to raising taxes on the wealthiest americans. >> what you need is a package that keeps tacks where they are for middle-class families, we make some tough spending cuts on things we don't need, and then we ask the wealthiest americans to pay a splietly higher tax rate and that's a sprins pl i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all of our tax breaks and then we're asking students to pay higher student loans. >> ah, but republican sena
law. >>> first rule of the fiscal cliff talks, don't talk about the fiscal cliff talk. both president obama and speaker boehner are sticking to their mary tore yum to not talk about how negotiations are going, which most analysts say is a good sign. according to the walg street journal, people directly involved say they've taken a recent shift in days with the staff and leaders on both sides are getting more serious. not sure why they weren't in the first place. >>> yesterday...
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looking at the domestic front, "ben bernanke is to make a last fiscal cliff police." "topping a yearlong campaign, he would get one last chance to talk washington down from the fiscal cliff. host: c-span will be carrying that press conference live, fed chairman ben bernanke, on c-span 3. you can find that at 2:15 p.m. eastern time. you can find it on their website, we will be archiving that after the fact. what deductions would you give up? let's go to dawn in eugene, oregon. caller code good morning. listen, the contribution thing is a way to be of service, as far as i'm concerned. host: by contribution you mean charitable contribution? caller: yes. it is something that i would want to keep. i mean, not keep, but i would be willing to contribute to that concern about taxes. my main concern is the mortgage deduction. how severe -- many of us have every dollar that we account for on the federal. if we did not have that, we would be up to 25%. this would be quite a severe blow if this were done in a cut and dried fashion. maybe they can do a tiered thing? that is the th
looking at the domestic front, "ben bernanke is to make a last fiscal cliff police." "topping a yearlong campaign, he would get one last chance to talk washington down from the fiscal cliff. host: c-span will be carrying that press conference live, fed chairman ben bernanke, on c-span 3. you can find that at 2:15 p.m. eastern time. you can find it on their website, we will be archiving that after the fact. what deductions would you give up? let's go to dawn in eugene, oregon....
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melissa: for a moment forget what you're hearing to avoid the fiscal cliff, balance the budget and decrease the deficit. there is a new idea, new, being floated by a powerful group of democrats that claims to overhaul the tax code with a huge payoff. who wouldn't like that? the plan purports to raise an additional 1.8 trillion dollars over the next 10 years, that is 200 dal billion more than the president proposed andd3 trillion more than the republicans in congress support. we want to get to the bottom of it on "money." here to crunch the numbers, michael lind den from the center for american progress which is the group that devised the plan. we have mary katharine ham, fox news contributor. thanks to you both for joining us. michael, since you're one of the men behind the plan, i want to go to first. break it down for me. how do you get there? >> well the basic idea we'll simplify the tax code. we're going to get rid of some of the deductions that currently benefit, they more benefit high income individuals than middle income individuals. we'll turn those into credits that will be flatter
melissa: for a moment forget what you're hearing to avoid the fiscal cliff, balance the budget and decrease the deficit. there is a new idea, new, being floated by a powerful group of democrats that claims to overhaul the tax code with a huge payoff. who wouldn't like that? the plan purports to raise an additional 1.8 trillion dollars over the next 10 years, that is 200 dal billion more than the president proposed andd3 trillion more than the republicans in congress support. we want to get to...
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stocks have been meandering as investors are waiting on that fiscal cliff as suzanne reported a little earlier in the program. but the good news is that stocks were up, that makes four sessions in a row. >> no sugar rush though in the stock buying today at all here, suzie. let's look at our market focus. it was a quiet day of trading with no economic data and no noteworthy movement on fiscal cliff negotiations. the s&p 500 stuck to a very narrow trading range, just six points from its low point right after the opening bell to its highest level of the session, around 11:00 a.m. eastern time. the index finished up by a fraction. trading volume was light-- 591 million traded on the big board; just over one and a half billion moved on the nasdaq. the materials sector led the gains, up seven tenths of a percent. the consumer discretionary sector was the biggest drag, falling six tenths of a percent. a couple of metal stocks led the way up for materials. with global demand waning, prices have been soft. cliff's natural resources mines the iron ore used in steel furnaces. shares were up 4.6%.
stocks have been meandering as investors are waiting on that fiscal cliff as suzanne reported a little earlier in the program. but the good news is that stocks were up, that makes four sessions in a row. >> no sugar rush though in the stock buying today at all here, suzie. let's look at our market focus. it was a quiet day of trading with no economic data and no noteworthy movement on fiscal cliff negotiations. the s&p 500 stuck to a very narrow trading range, just six points from its...
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cliff. they said by the way we need to raise the debt limit and this new proposal of eliminating congress from the process of raising the debt limit. >> senator mcconnell has offered to have an up or down vote on this and democrats haven't taken him up on it. all of the spending reductions that simon cited in the 1990s were tied to the debt limit increase. it gives republicans leverage. president obama has the leverage in the fiscal cliff fight. he's willing to let the tax go up on the middle class. on the debt increase he doesn't have the same leverage. bob woodward pointed out that tim geithner said to president obama if the republicans stick to their guns on the debt limit bill you cannot reto it. the consequences will be so clam to us that you cannot veto it. so obama would have capitulated. megyn: that's what simon is saying now. that we shouldn't put the country in that position. >> the only way we'll get action on this debt. we keep spending and spending and raising our debt by $6 tri
cliff. they said by the way we need to raise the debt limit and this new proposal of eliminating congress from the process of raising the debt limit. >> senator mcconnell has offered to have an up or down vote on this and democrats haven't taken him up on it. all of the spending reductions that simon cited in the 1990s were tied to the debt limit increase. it gives republicans leverage. president obama has the leverage in the fiscal cliff fight. he's willing to let the tax go up on the...
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and the obama fiscal cliff plan. hint hint, neither are successful. now, does the speaker of the house have the file behind him in the deal making progress? are some lawmakers breaking away from the leader? congressman tim gives us the scoop next. we'll be back. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. tracy: does speaker boehner have more than a fiscal cliff to worry about? up next, will the top republican in the house stay that way in 2013? tracy: speaker boehner 1 not the only one facing the challenge of keeping the u.s. from falling off the cliff, but he's keeping the top post in the new year, and finding that could be a challenge. will the house see a shakeup in 2013? let's ask the republican congressman of kansas accusing speaker boehner of punishing fellow conservative members in the house. sir, talk abou
and the obama fiscal cliff plan. hint hint, neither are successful. now, does the speaker of the house have the file behind him in the deal making progress? are some lawmakers breaking away from the leader? congressman tim gives us the scoop next. we'll be back. i always wait until the last minute. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for...
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breaking news on the fiscal cliff talks. president obama, house speaker john boehner met face-to-face at the white house today to try to prevent the fiscal cliff now just 23 days away. we don't have any details on their conversations, but reps for both sides say the lines of communication remain open. meanwhile, at least four republican senators now support a tax hike on wealthy americans. here is senator tom coburn of oklahoma. >> the fact is we're spending money that we don't have on things we don't absolutely need, and there's no grown-ups in washington that will say time-out, stop the politics, let's have a compromise rather than continue to play the game through the press and hurt the country. >> more on this story in just a few minutes with our senior political analyst, david gergen. >>> a half million dollars, that's the bond set today by a judge near dallas for cowboys nose tackle josh brent. he was behind the wheel in a car accident this weekend that killed teammate jerry brown, jr. police believe brent was drunk wh
breaking news on the fiscal cliff talks. president obama, house speaker john boehner met face-to-face at the white house today to try to prevent the fiscal cliff now just 23 days away. we don't have any details on their conversations, but reps for both sides say the lines of communication remain open. meanwhile, at least four republican senators now support a tax hike on wealthy americans. here is senator tom coburn of oklahoma. >> the fact is we're spending money that we don't have on...
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first, forget the fiscal cliff, because the economy is coming back. americans are feeling more optimistic about 2013 and if we play our cards right, we're going to see a new economic renaissance. td ameritrade recently surveyed folks on their outlook for the new year. 43% say they're downright optimistic about the economy and believe we're headed for a rebound. 45% are feeling good about their own finances, but we already know that things are starting to get better. look, we're adding jobs every month, consumer debt continues to shrink. stock markets are up. longer term, though. america will reap the rewards of its domestic energy boom and more oil and gas gets extracted. the drop in the price of natural gas is already helping utilities and factories compete. that's creating more american jobs. and there is more. housing will be the golden lining to the economic cloud that is hanging over this country. mortgage rates are at historic low and should stay that way for the next two years but home prices have seen their bottom and are heading back up. when
first, forget the fiscal cliff, because the economy is coming back. americans are feeling more optimistic about 2013 and if we play our cards right, we're going to see a new economic renaissance. td ameritrade recently surveyed folks on their outlook for the new year. 43% say they're downright optimistic about the economy and believe we're headed for a rebound. 45% are feeling good about their own finances, but we already know that things are starting to get better. look, we're adding jobs...
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. >>> we have another developing story with the ongoing negotiations of the fiscal cliff. despite spine signs of a deal in sight, house speaker boehner accused the president of holding back when it comes to spending cuts. >> the longer white house slow walk this is process, the closer our economy gets to the fiscal cliff. we know that the president wants more stimulus spending and increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's making it worse. >> let me bring in our "news nation" political panel this hour. chris cafinus, michael smerkonish and louies romanis. what are we to make of speaker boehner coming out today, not sure of the overall message other than he wanted to have, i guess, a sound bite to play today as we continue to talk and the president is off at least negotiating behind the scenes on the fiscal cliff. >> i think you called it, tamron. look, the rhetoric is scaled back dramatically in the last few days. they're talking and seriously evidenced by the fact we're not learning that much. they're keeping it pr
. >>> we have another developing story with the ongoing negotiations of the fiscal cliff. despite spine signs of a deal in sight, house speaker boehner accused the president of holding back when it comes to spending cuts. >> the longer white house slow walk this is process, the closer our economy gets to the fiscal cliff. we know that the president wants more stimulus spending and increase in the debt limit without any cuts or reforms. that's not fixing our problem. frankly, it's...
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that's the good news. >> the good news is they are not focused on the fiscal cliff the way businesses are, but at some point everything comes home to roost. sentiment is up, spending is up, but are we spending our way into oblivion and then we're going to find out oops? >> i doubt it. >> no, okay. >> i think the fundamentals, the fundamentals for consumer spending is pretty good. gasoline problems is down. jobs growth good enough to keep everything going. let's not forget waves growth which hasn't been playing along. >> hasn't been in a while. >> we'll see you season. gentleman, thank you very much. is it time to raise the eligible age for medicare, after all, a lot of people are living longer than when the program first began in 1966. represent jan schakowsky says no way. she's here next. >>> and john mcafee talks about playing the crazy card but will the company find some criminals stealing millions from u.s. institutions. alpha one capital's dan niles with his top picks for 2013. he saw facebook's mess coming miles away and shorted it at 42, and wait until you hear what he's buying
that's the good news. >> the good news is they are not focused on the fiscal cliff the way businesses are, but at some point everything comes home to roost. sentiment is up, spending is up, but are we spending our way into oblivion and then we're going to find out oops? >> i doubt it. >> no, okay. >> i think the fundamentals, the fundamentals for consumer spending is pretty good. gasoline problems is down. jobs growth good enough to keep everything going. let's not...
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it is a buy into any fiscal cliff-induced weakness going forward. let's go to beth in new york. beth. >> after adding $100 million in share buybacks, where could chipotle mexican grill be headed? >> i like the fact that everyone has given up on them and they are now ready to expand the shop house kitchen thing. i think the $235 to $250 i said they bottomed but i'm bullish on them. need a boost? starbucks could be the right brew. they have a great price and because teavana is good. the lightning round is coming up next. >> keep up with cramer all day long. follow @jimcramer on twitter. >>> it is time for the lightning round. we are both kicking it back and forth whether to pull the trigger. you should have one too. knock out ko. allen in michigan. >> jim, booyah. i'm currently holding sprint and i've had a pretty decent gain. >> i don't want you to take that gain. i want to buy one. do not sell sprint it is a good one. matt in michigan. >> i was wondering about toyota or ford. >> i pulled up with the subaru guy. their business is good. i prefer ford to toyota. tracy in arkansas.
it is a buy into any fiscal cliff-induced weakness going forward. let's go to beth in new york. beth. >> after adding $100 million in share buybacks, where could chipotle mexican grill be headed? >> i like the fact that everyone has given up on them and they are now ready to expand the shop house kitchen thing. i think the $235 to $250 i said they bottomed but i'm bullish on them. need a boost? starbucks could be the right brew. they have a great price and because teavana is good....
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a look at the social security program and the fiscal cliff negotiations. tea party leaders hold a news conference to voice their opposition to higher taxs. later the house debate on the fiscal cliff. >> the senate's small business committee holds a hearing on hurricane sandy that looks at federal assistance for small businesses affected by the storm. we'll hear from small business officials and fearbles from new york and new jersey. live coverage gets wurnedyay at 7:00 a.m. on c-span. >> i away to explain somehow told tearian happens. we've seen the archives that described the relationships. we know the main events from our point of view. we read them, we've written them. what i wanted to show from a different angle, from the ground up. what did it feel like to be one of the people who were subjected to this system? how did people make choices in that system and how did they react and how did they behave? it is interesting, one of things that happened since 1989 is the region we used call eastern europe. these countries don't have things in common with one
a look at the social security program and the fiscal cliff negotiations. tea party leaders hold a news conference to voice their opposition to higher taxs. later the house debate on the fiscal cliff. >> the senate's small business committee holds a hearing on hurricane sandy that looks at federal assistance for small businesses affected by the storm. we'll hear from small business officials and fearbles from new york and new jersey. live coverage gets wurnedyay at 7:00 a.m. on c-span....
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abc 7 news at 6:00 continue >>> in washington another day and another step closer to that fiscal cliff. at this point it's hard to tell if there is any progress in the negotiations. and judging by public statements made by the speaker, it does not look good. abc 7 news mark matthews is here with word on what we're not seeing. >> yes. we heard speaker boehner called the president this evening to make a counter offer to the president's latest offer, when abc 7 news at 4:00 we talked about inside game@ú4d versus the outside gam. the out side game is played for leverage. inside is where real negotiations are taking place. >> in okay gress the american people have be scratching their heads and wondering when is the president going to get serious? >> democratic leader took the floor. >> he said he's willing to make some changes but it's important that any changes not hurt the middle class. >> the post you'ring went on this morning with only a rare glimpse the house of rep stifz empty. except for the speakers. this is the outside game talk consummation. >> it's just about post you'ring to ge
abc 7 news at 6:00 continue >>> in washington another day and another step closer to that fiscal cliff. at this point it's hard to tell if there is any progress in the negotiations. and judging by public statements made by the speaker, it does not look good. abc 7 news mark matthews is here with word on what we're not seeing. >> yes. we heard speaker boehner called the president this evening to make a counter offer to the president's latest offer, when abc 7 news at 4:00 we...
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coming up, the confusion over what's really going on with the fiscal cliff talks. our first read team said just look at the headlines. senior political editor mark murray joins me live. which of the headlines does he believe is more accurate. check out the "news nation" tumbler page and you will find behind the scenes pictures. i guess we took this to mark 12-12-12 and we do you wanted hospital. maybe some of us will go to the concert to help sandy relief. 12-12-12. new trident layers juicy berry + tangy tangerine is a thrilling, dual-flavored ride to mouth fun-town. but it's not like everyone is going to break into a karaoke jam session. ♪ this will literally probably never happen. ♪ ♪ i want candy ♪ ♪ i want candy time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly
coming up, the confusion over what's really going on with the fiscal cliff talks. our first read team said just look at the headlines. senior political editor mark murray joins me live. which of the headlines does he believe is more accurate. check out the "news nation" tumbler page and you will find behind the scenes pictures. i guess we took this to mark 12-12-12 and we do you wanted hospital. maybe some of us will go to the concert to help sandy relief. 12-12-12. new trident layers...